THE SECURITIES HOUSE CO.

Securities House (K.S.C)

SECHStocksBoursa KuwaitDiversified Financials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	5.22M	4.89M	7.57M	8.06M	3.61M
Cost of Revenue	4.36M	4.35M	3.81M	3.78M	3.27M
Gross Profit	0.86M	0.54M	3.76M	4.29M	0.34M
SG&A	1.48M	1.16M	1.11M	0.50M	0.45M
Operating Expenses	2.03M	1.73M	1.64M	0.98M	0.90M
Operating Income	-1.17M	-1.19M	2.12M	3.31M	-0.56M
Interest Expense	-388.50K	-479.46K	-85.70K	-43.18K	-3.26K
Other Income/Expense	11.01K	9.19K	-19.53K	—	—
Pretax Income	-1.01M	-0.93M	2.03M	3.83M	-8.27M
Income Tax	-9.88K	-10.12K	23.31K	34.97K	—
Net Income	1.49M	0.55M	2.35M	3.91M	-7.79M
EBITDA	-0.65M	-0.71M	2.54M	3.65M	-0.14M
EBIT	-1.17M	-1.19M	2.12M	3.31M	-0.56M
EPS (Basic)	0.00	0.00	0.01	0.01	-0.02
EPS (Diluted)	0.00	0.00	0.01	0.01	-0.02
Margins & Efficiency
Gross Margin %	+16.6%	+11.1%	+49.7%	+53.2%	+9.5%
EBITDA Margin %	-12.5%	-14.5%	+33.5%	+45.3%	-3.9%
Net Margin %	+28.6%	+11.3%	+31.0%	+48.5%	-215.8%
Revenue & Income
Revenue	5.22M	4.89M	7.57M	8.06M	3.61M
Revenue Growth (YoY)	+6.9%	-35.5%	-6.1%	+123.3%	-45.3%
Operating Revenue	5.31M	4.07M	5.95M	7.44M	2.96M
Other Revenue	-0.09M	0.82M	1.63M	0.63M	0.65M
Earnings From Equity Investments	786.05K	542.09K	509.31K	565.62K	-84.54K
Gain (Loss) on Sale of Assets	—	188.77K	—	—	—
Expenses & Provisions
Cost of Revenue	4.36M	4.35M	3.81M	3.78M	3.27M
Selling, General & Admin	1.48M	1.16M	1.11M	0.50M	0.45M
Operating Expenses	2.03M	1.73M	1.64M	0.98M	0.90M
Other Operating Expenses	-24.71K	-25.31K	53.16K	79.55K	—
Interest Expense	-388.50K	-479.46K	-85.70K	-43.18K	-3.26K
Other Non Operating Income (Expenses)	11.01K	9.19K	-19.53K	—	—
Impairment of Goodwill	-0.25M	—	-0.50M	—	-7.63M
Amortization of Goodwill & Intangibles	400.00K	400.00K	354.53K	200.00K	238.38K
D&A For EBITDA	512.98K	480.90K	412.36K	343.42K	417.22K
Profitability & Returns
Gross Profit	0.86M	0.54M	3.76M	4.29M	0.34M
Gross Margin	+16.6%	+11.1%	+49.7%	+53.2%	+9.5%
EBIT	-1.17M	-1.19M	2.12M	3.31M	-0.56M
EBIT Margin	-22.4%	-24.4%	+28.0%	+41.0%	-15.5%
EBITDA	-0.65M	-0.71M	2.54M	3.65M	-0.14M
EBITDA Margin	-12.5%	-14.5%	+33.5%	+45.3%	-3.9%
EBT Excluding Unusual Items	-0.76M	-1.12M	2.53M	3.83M	-0.65M
Pretax Income	-1.01M	-0.93M	2.03M	3.83M	-8.27M
Operating Income	-1.17M	-1.19M	2.12M	3.31M	-0.56M
Operating Margin	-22.4%	-24.4%	+28.0%	+41.0%	-15.5%
Profit Margin	+28.6%	+11.3%	+31.0%	+48.5%	-215.8%
Net Income	1.49M	0.55M	2.35M	3.91M	-7.79M
Net Income to Common	1.49M	0.55M	2.35M	3.91M	-7.79M
Net Income to Company	1.39M	0.34M	2.20M	3.82M	-8.27M
Net Income Growth	+170.6%	-76.5%	-40.0%	—	—
Earnings From Continuing Ops.	-1.00M	-0.92M	2.00M	3.80M	-8.27M
Earnings From Discontinued Ops.	2.39M	1.26M	0.20M	0.02M	—
Minority Interest in Earnings	100.01K	213.93K	143.46K	92.17K	477.58K
Income Tax Expense	-9.88K	-10.12K	23.31K	34.97K	—
Effective Tax Rate	—	—	+1.2%	+0.9%	—
Per Share & Capital
EPS (Basic)	0.00	0.00	0.01	0.01	-0.02
EPS (Diluted)	0.00	0.00	0.01	0.01	-0.02
EPS Growth	+178.8%	-74.7%	-38.0%	—	—
Shares Change (YoY)	-0.03	-0.07	-0.03	0.05	0.18
Shares Outstanding (Basic)	392.55M	404.27M	435.60M	450.00M	428.83M
Shares Outstanding (Diluted)	392.55M	404.27M	435.60M	450.00M	428.83M
Free Cash Flow	-2.95M	-1.63M	3.79M	4.84M	-1.89M
Free Cash Flow Margin	-56.6%	-33.3%	+50.1%	+60.0%	-52.2%
Free Cash Flow Per Share	-0.01	-0.00	0.01	0.01	-0.00

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (KWD)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operating Summary
Revenue	5.22M	4.89M	7.57M	8.06M	3.61M
Cost of Revenue	4.36M	4.35M	3.81M	3.78M	3.27M
Gross Profit	0.86M	0.54M	3.76M	4.29M	0.34M
SG&A	1.48M	1.16M	1.11M	0.50M	0.45M
Operating Expenses	2.03M	1.73M	1.64M	0.98M	0.90M
Operating Income	-1.17M	-1.19M	2.12M	3.31M	-0.56M
Interest Expense	-388.50K	-479.46K	-85.70K	-43.18K	-3.26K
Other Income/Expense	11.01K	9.19K	-19.53K	—	—
Pretax Income	-1.01M	-0.93M	2.03M	3.83M	-8.27M
Income Tax	-9.88K	-10.12K	23.31K	34.97K	—
Net Income	1.49M	0.55M	2.35M	3.91M	-7.79M
EBITDA	-0.65M	-0.71M	2.54M	3.65M	-0.14M
EBIT	-1.17M	-1.19M	2.12M	3.31M	-0.56M
EPS (Basic)	0.00	0.00	0.01	0.01	-0.02
EPS (Diluted)	0.00	0.00	0.01	0.01	-0.02
Margins & Efficiency
Gross Margin %	+16.6%	+11.1%	+49.7%	+53.2%	+9.5%
EBITDA Margin %	-12.5%	-14.5%	+33.5%	+45.3%	-3.9%
Net Margin %	+28.6%	+11.3%	+31.0%	+48.5%	-215.8%
Revenue & Income
Revenue	5.22M	4.89M	7.57M	8.06M	3.61M
Revenue Growth (YoY)	+6.9%	-35.5%	-6.1%	+123.3%	-45.3%
Operating Revenue	5.31M	4.07M	5.95M	7.44M	2.96M
Other Revenue	-0.09M	0.82M	1.63M	0.63M	0.65M
Earnings From Equity Investments	786.05K	542.09K	509.31K	565.62K	-84.54K
Gain (Loss) on Sale of Assets	—	188.77K	—	—	—
Expenses & Provisions
Cost of Revenue	4.36M	4.35M	3.81M	3.78M	3.27M
Selling, General & Admin	1.48M	1.16M	1.11M	0.50M	0.45M
Operating Expenses	2.03M	1.73M	1.64M	0.98M	0.90M
Other Operating Expenses	-24.71K	-25.31K	53.16K	79.55K	—
Interest Expense	-388.50K	-479.46K	-85.70K	-43.18K	-3.26K
Other Non Operating Income (Expenses)	11.01K	9.19K	-19.53K	—	—
Impairment of Goodwill	-0.25M	—	-0.50M	—	-7.63M
Amortization of Goodwill & Intangibles	400.00K	400.00K	354.53K	200.00K	238.38K
D&A For EBITDA	512.98K	480.90K	412.36K	343.42K	417.22K
Profitability & Returns
Gross Profit	0.86M	0.54M	3.76M	4.29M	0.34M
Gross Margin	+16.6%	+11.1%	+49.7%	+53.2%	+9.5%
EBIT	-1.17M	-1.19M	2.12M	3.31M	-0.56M
EBIT Margin	-22.4%	-24.4%	+28.0%	+41.0%	-15.5%
EBITDA	-0.65M	-0.71M	2.54M	3.65M	-0.14M
EBITDA Margin	-12.5%	-14.5%	+33.5%	+45.3%	-3.9%
EBT Excluding Unusual Items	-0.76M	-1.12M	2.53M	3.83M	-0.65M
Pretax Income	-1.01M	-0.93M	2.03M	3.83M	-8.27M
Operating Income	-1.17M	-1.19M	2.12M	3.31M	-0.56M
Operating Margin	-22.4%	-24.4%	+28.0%	+41.0%	-15.5%
Profit Margin	+28.6%	+11.3%	+31.0%	+48.5%	-215.8%
Net Income	1.49M	0.55M	2.35M	3.91M	-7.79M
Net Income to Common	1.49M	0.55M	2.35M	3.91M	-7.79M
Net Income to Company	1.39M	0.34M	2.20M	3.82M	-8.27M
Net Income Growth	+170.6%	-76.5%	-40.0%	—	—
Earnings From Continuing Ops.	-1.00M	-0.92M	2.00M	3.80M	-8.27M
Earnings From Discontinued Ops.	2.39M	1.26M	0.20M	0.02M	—
Minority Interest in Earnings	100.01K	213.93K	143.46K	92.17K	477.58K
Income Tax Expense	-9.88K	-10.12K	23.31K	34.97K	—
Effective Tax Rate	—	—	+1.2%	+0.9%	—
Per Share & Capital
EPS (Basic)	0.00	0.00	0.01	0.01	-0.02
EPS (Diluted)	0.00	0.00	0.01	0.01	-0.02
EPS Growth	+178.8%	-74.7%	-38.0%	—	—
Shares Change (YoY)	-0.03	-0.07	-0.03	0.05	0.18
Shares Outstanding (Basic)	392.55M	404.27M	435.60M	450.00M	428.83M
Shares Outstanding (Diluted)	392.55M	404.27M	435.60M	450.00M	428.83M
Free Cash Flow	-2.95M	-1.63M	3.79M	4.84M	-1.89M
Free Cash Flow Margin	-56.6%	-33.3%	+50.1%	+60.0%	-52.2%
Free Cash Flow Per Share	-0.01	-0.00	0.01	0.01	-0.00